Examlex
Discuss the market imperfections explanation of FDI.What is its relationship with internalization theory?
Equilibrium Price
Equilibrium price is the price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, leading to market stability.
Consumer Surplus
The difference in the total expected payment consumers are ready to make for a good or service and their actual expenditures.
Producer Surplus
The difference between the actual amount received by sellers for a product and the least amount they would be willing to accept, representing the net benefit to producers.
Excess Supply
Occurs when the quantity of a good or service supplied is greater than the quantity demanded, often leading to a decrease in price.
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